Solana's Phantom Wallet Raises $150 Million at $3 Billion Valuation

Jan 16, 2025, 10:46 PM

Phantom Wallet, a leading non-custodial cryptocurrency wallet provider for the Solana blockchain, has raised $150 million in a Series C funding round led by Sequoia Capital and Paradigm, valuing the company at $3 billion, double its previous valuation. The wallet has 15 million monthly active users, up 1,400% from 1 million in January 2023 and 368% from 3.2 million in January 2024. Phantom facilitates self-custody of assets worth $25 billion, has processed $20 billion in volume, and handled 850 million on-chain transactions last year.